Code | Name of the Course Unit | Semester | In-Class Hours (T+P) | Credit | ECTS Credit |
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UIT202 | FOREIGN TRADE ACCOUNTING | 4 | 3 | 3 | 6 |
GENERAL INFORMATION |
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Language of Instruction : | Turkish |
Level of the Course Unit : | , TYY: + , EQF-LLL: , QF-EHEA: |
Type of the Course : | Compulsory |
Mode of Delivery of the Course Unit | - |
Coordinator of the Course Unit | |
Instructor(s) of the Course Unit | |
Course Prerequisite | No |
OBJECTIVES AND CONTENTS |
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Objectives of the Course Unit: | Objective of this course is to help students to understand the basic concepts of accounting and related legislation in accordance with the foreign currency, bank, check and note transactions to create accounting records in business life. |
Contents of the Course Unit: | The contents of the course include; Fundamental concepts of accounting, Uniform Chart of Account on Foreign Trade Transactions, Accounting of Foreign Currency Transactions, Accounting of Imports of Machinery and Services, Calculation of Unit Cost of Imported Goods in the Same Lot. |
KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to) |
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Organize the basic account plan that can be used in foreign trade practices (Blooms 3). |
Calculate exchange rate by applying period end valuation in foreign currency (effective, checks, bank accounts, bills) transactions (Blooms 3). |
Apply the accounting transactions of exchange rate differences for assets with foreign currencies (effective, checks, bank accounts, notes, etc.) (Blooms 3). |
Implement the accounting of direct export and export registered goods and services (Blooms 3). |
List the methods used for the calculation of commercial foreign travel expenses (Blooms 1). |
Apply accounting records in the importation of goods or fixed assets (Blooms 3) |
Analyze by calculating the cost of more than one kind of goods imported in the same lot (Blooms 4). |
WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY |
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Week | Preparatory | Topics(Subjects) | Method |
1 | Creating the first impression in the student, preparing the presentation about the course content and methods | Fundamental Concepts of Accounting | Lecture, Discussion, Assessment |
2 | Literature research and course preparation | Uniform Accounting Plan on Foreign Trade Transactions | Lecture, Discussion, Assessment |
3 | Creating the first impression in the student, preparing the presentation about the course content and methods | Accounting of Register Transactions Based on Foreign Currency | Lecture, Discussion, Assessment |
4 | Creating the first impression in the student, preparing the presentation about the course content and methods | Accounting of Check Transactions Based on Foreign Currency | Lecture, Discussion, Assessment |
5 | Creating the first impression in the student, preparing the presentation about the course content and methods | Accounting of Bank Transactions Based on Foreign Currency | Lecture, Discussion, Assessment |
6 | Creating the first impression in the student, preparing the presentation about the course content and methods | Accounting of Bank Transactions Based on Foreign Currency | Lecture, Discussion, Assessment |
7 | Creating the first impression in the student, preparing the presentation about the course content and methods | Accounting of Bill Transactions Based on Foreign Currency | Lecture, Discussion, Assessment |
8 | - | MID-TERM EXAM | - |
9 | Creating the first impression in the student, preparing the presentation about the course content and methods | Accounting of Bill Transactions Based on Foreign Currency | Lecture, Discussion, Assessment |
10 | Creating the first impression in the student, preparing the presentation about the course content and methods | Accounting of Direct Export Transactions | Lecture, Discussion, Assessment |
11 | Creating the first impression in the student, preparing the presentation about the course content and methods | Accounting of Export Registered Sales Transactions | Lecture, Discussion, Assessment |
12 | Creating the first impression in the student, preparing the presentation about the course content and methods | Accounting of Service Export Transactions and Calculation of Foreign Travel Expenses | Lecture, Discussion, Assessment |
13 | Creating the first impression in the student, preparing the presentation about the course content and methods | Accounting of Good Import Transactions | Lecture, Discussion, Assessment |
14 | Creating the first impression in the student, preparing the presentation about the course content and methods | Accounting of Machinery and Service Import Transactions | Lecture, Discussion, Assessment |
15 | Creating the first impression in the student, preparing the presentation about the course content and methods | Calculation of Unit Cost for Goods Imported in Same Lot | Lecture, Discussion, Assessment |
16 | - | FINAL EXAM | - |
17 | - | FINAL EXAM | - |
SOURCE MATERIALS & RECOMMENDED READING |
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Kirtiş, K. (2013) Dış Ticaret İşlemleri Muhasebesi: Teorik ve Uygulamalı, İstanbul: İstanbul Gelişim Üniversitesi, Yayınları |
Arzova, S.B. (2017) Dış Ticaret İşletmeleri ve Muhasebesi, İstanbul: Beta Yayınevi |
Gürsoy, Y., Dış Ticaret İşlemleri Muhasebesi, (12. Baskı), Ekin Yayınları |
D. Choi, F.(2010) International Accounting, (7. Edition), Pearson Education |
ASSESSMENT |
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Assessment & Grading of In-Term Activities | Number of Activities | Degree of Contribution (%) | Description |
Level of Contribution | |||||
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0 | 1 | 2 | 3 | 4 | 5 |
KNOWLEDGE |
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Theoretical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Define the theories, concepts and principles of the basic and sub-fields of international business and trade. (Bloom 1)
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4 | |||||
2 |
Explain business and trade functions and processes based on current scientific sources (Bloom 2).
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3 |
KNOWLEDGE |
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Factual |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Relate internationally valid business and trade cases with the theories and concepts of other social sciences. (Bloom 2)
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3 |
SKILLS |
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Cognitive |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Explain the current events and facts in his / her field analytically and systematically based on advanced knowledge and skills he / she has. (Bloom 2)
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2 |
SKILLS |
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Practical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Use the theoretical and factual knowledge in business and trade for occupational practices. (Bloom 3)
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3 | |||||
2 |
Solve individual and organizational problems in business life. (Bloom 3)
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0 | |||||
3 |
Use computer programs (SPSS, R, Excel, Stata) efficiently against the complex business problems. (Bloom 3)
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0 |
OCCUPATIONAL |
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Autonomy & Responsibility |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Organize the activities for organizational goals and purposes independently. (Bloom 3)
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0 |
OCCUPATIONAL |
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Learning to Learn |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Criticize advanced knowledge and skills in the field with a critical approach. (Bloom 4)
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3 | |||||
2 |
Develop the existing knowledge and skills with a critical point of view under the impact of scientific, technological and current developments. (Bloom 3)
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3 |
OCCUPATIONAL |
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Communication & Social |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Express his/her knowledge, thoughts and solutions on international business and trade to related stakeholders in written and verbal ways. (Bloom 1)
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1 |
OCCUPATIONAL |
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Occupational and/or Vocational |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Designs the research process in the field of business. (design) (Bloom 6)
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1 | |||||
2 |
Conducts operations by considering the ethical values in business activities. (apply) (Bloom’s 3)
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2 | |||||
3 |
Relate the concepts of social rights, occupational safety, employee health, quality management and sustainability with the cases in business life. (Bloom 2)
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0 |
WORKLOAD & ECTS CREDITS OF THE COURSE UNIT |
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Workload for Learning & Teaching Activities |
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Type of the Learning Activites | Learning Activities (# of week) | Duration (hours, h) | Workload (h) |
Lecture & In-Class Activities | 14 | 3 | 42 |
Preliminary & Further Study | 12 | 4 | 48 |
Land Surveying | 0 | 0 | 0 |
Group Work | 0 | 0 | 0 |
Laboratory | 0 | 0 | 0 |
Reading | 0 | 0 | 0 |
Assignment (Homework) | 0 | 0 | 0 |
Project Work | 0 | 0 | 0 |
Seminar | 0 | 0 | 0 |
Internship | 0 | 0 | 0 |
Technical Visit | 0 | 0 | 0 |
Web Based Learning | 0 | 0 | 0 |
Implementation/Application/Practice | 0 | 0 | 0 |
Practice at a workplace | 0 | 0 | 0 |
Occupational Activity | 0 | 0 | 0 |
Social Activity | 0 | 0 | 0 |
Thesis Work | 0 | 0 | 0 |
Field Study | 0 | 0 | 0 |
Report Writing | 0 | 0 | 0 |
Final Exam | 1 | 1 | 1 |
Preparation for the Final Exam | 6 | 5 | 30 |
Mid-Term Exam | 1 | 1 | 1 |
Preparation for the Mid-Term Exam | 6 | 5 | 30 |
Short Exam | 0 | 0 | 0 |
Preparation for the Short Exam | 0 | 0 | 0 |
TOTAL | 40 | 0 | 152 |
Total Workload of the Course Unit | 152 | ||
Workload (h) / 25.5 | 6 | ||
ECTS Credits allocated for the Course Unit | 6,0 |